GST Show Cause Notice of INR 17.49 cr Received for FY 2022-23
The company received a GST Show Cause Notice (DRC 01) on September 29, 2026 from the Deputy Commissioner, Gautambuddha Nagar, UP, under Section 73(1) for FY 2022-23.
- GST Demand Raised
- INR 17.49 cr
- Interest Component
- INR 6.92 cr
- Penalty Component
- INR 0.96 cr
- Notice Date
- September 29, 2026
- Financial Year
- FY 2022-23
What happened
The company informed the exchanges that it has received a Show Cause Notice (DRC 01) from the Goods and Services Tax Department, State Tax Deputy Commissioner, Gautambuddha Nagar, Uttar Pradesh, on September 29, 2026, issued under Section 73(1) of the CGST Act, 2017 and IGST Act, 2017 (and the Uttar Pradesh GST Act, 2017), for the Financial Year 2022-23.
The demand
- Total demand raised: INR 17.49 cr
- Interest component: INR 6.92 cr
- Penalty component: INR 0.96 cr
Grounds cited by the department
- Credit notes issued during the year
- Input tax credit claimed under the reverse charge mechanism
- Other input tax credit matters
Company's position
The company states there is no impact on its financial, operational or other activities. It believes it has legal and factual grounds in this matter and will take all necessary actions to defend it before the relevant authorities.
How to read this
A show cause notice is a preliminary step in which the tax authority asks the company to explain why a demand should not be confirmed. It is not a final order, and the company has the opportunity to respond. Investors may want to track whether the matter is dropped, confirmed, or contested further in appeal.
More numbers
- Total GST demand raisedINR 17.49 cr
- Interest componentINR 6.92 cr
- Penalty componentINR 0.96 cr
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